Former Fannie Mae Chairman Johnson Still Advising Obama

The former Chairman of failed mortgage giant Fannie Mae is advising the community organizer on economics.
Didn’t we just go through this?

Ben Smith at Politico reported:

Former Fannie Mae chairman Jim Johnson was dumped from Obama’s vice presidential search team, but he’s still playing a behind-the-scenes role on the campaign.

Former Senator Tom Daschle, a top Obama backer, emailed a select list this afternoon that he and Johnson would be leading a briefing intended largely for Clinton’s campaign brain trust next month.

“Jim Johnson and I have scheduled another informal breakfast discussion and update on the campaign early next month,” he wrote to a list including Senator John Kerry, James Carville, and Richard Holbrooke, as well as Clinton’s former top campaign aides, including Howard Wolfson, Geoff Garin, and Harold Ickes.

Johnson’s involvement comes at a moment when political association with the failed mortgage giants is particularly toxic. He was already the subject of a McCain ad attacking Obama.

Don Surber: “Here is the architect of the self-destruction of Fannie Mae constructing the Obama presidency.”


Glenn Reynolds has more.

Obama has received $105,849 from troubled mortgage giants Freddie Mac and Fannie Mae:

After having served less than 4 years in the US Senate and spending most of that time campaigning, Barack Obama was still able to collect $105,849 from mortgage giants Freddie Mac and Fannie Mae.
It’s hard to part with such generous friends.

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